A pair of companies owned by Tim Mynett, the husband of Rep. Ilhan Omar, D-Minn., have exploded in value in recent years, growing more than 20 times in under a year, according to congressional disclosures, prompting questions about how the companies achieved their apparent rapid success.
It’s a picture that contrasts bleakly with mounting revelations of fraud in Minnesota as investigations indicate the losses through abuse of government programs could top $9 billion.
Ballpark revelations about Omar’s assets show a steep increase in the value of her husband’s company holdings since 2020.
Omar disclosed 2024 evaluations of Rose Lake Capital LLC, a business firm co-founded by her husband, at somewhere between $5 million and $25 million in 2024. Just one year before, in 2023, she reported that the same company’s value was between $1 and $1,000.